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Howden strengthens position in French insurance market with acquisition of the AGEO Group

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Howden strengthens position in French insurance market with acquisition of the AGEO Group

Paris, 3 July 2024 – Howden announces it has reached an agreement to acquire the AGEO brokerage group, an independent Employee Benefits (“EB”) insurance broker headquartered in Paris. This acquisition positions Howden France as a leading Employee Benefits broker in the French insurance market.  

Founded in 1984 by Eric and Maryse Oziebala, AGEO is a major Employee Benefits broker, providing a wide range of solutions to around 12,000 corporate and SME clients, with 300 employees working across 32 offices in France. AGEO specialises Employee Benefits, health insurance, policy administration and claims management platform, Retirement & Pensions services and boutique P&C capabilities.

This latest development follows Howden France’s recent acquisitions of Financial Lines specialist C.R.F. Conseils, Motor Fleet broker Théorème, Maritime specialist Seasecure, hospitality broker GTCA – CFC Consultants, and OFRACAR in April 2023, reflecting Howden’s continuing strategy to invest in local specialist expertise and to bring the full force of its global capabilities for the benefit of clients in local markets. 

This latest acquisition increases Howden’s Employee Benefits division’s global headcount to over 2,500 and enhances its ability to meet the needs of a wide range of clients from local SMEs to multinational clients. 

nicolas
I am delighted to welcome AGEO, a well-respected company with strong expertise and an outstanding reputation in Employee Benefits, into Howden France. With our expanded capabilities, we can now broaden the services we offer our clients and strengthen our market position by establishing ourselves as a leading Employee Benefits insurance broker in France. I am looking forward to working with the AGEO team to grow together and better serve our clients.
nicolas
Nicolas AUBERT, CEO of Howden France
eric oziebala
After 40 years of development, we have decided to join Howden because it shares our values of people, quality and innovation. Together, we will continue to innovate and grow, and our combined scale will enable us to serve our customers even better. Maryse and I are delighted to be able to be part of the move to join Howden, and then to pass on the baton to a solid younger management team, who will bring a new dynamic to this fine project for a long time to come... the adventure has only just begun!
eric oziebala
Eric Oziebala, President, AGEO
Glenn Thomas
Acquiring AGEO Group marks a significant milestone for Howden as we continue to solidify our presence in one of the largest and most strategically important Employee Benefits markets in the world. France is home to numerous multinational companies, making it a vital market for our global footprint. This acquisition not only strengthens our capabilities in France but also enhances our ability to deliver comprehensive global Employee Benefits to our multinational clients worldwide. We are excited to welcome the talented AGEO team to the Howden family and look forward to the opportunities ahead as we grow together.
Glenn Thomas
Glenn Thomas, Global Head of Health & Benefits Howden
Luigi Sturani
The acquisition of AGEO once again highlights the great opportunities Howden provides for companies with the right culture. Together, we'll drive growth in France and beyond, as we keep expanding across Europe. With more than 4,500 colleagues and 150 branches in 23 countries, we are already the best choice for clients in the region.
Luigi Sturani
Luigi Sturani, CEO Howden Europe
eric_demange
The regional network constituting AGEO's distribution will enable us to significantly expand our presence in France and ensure the proximity that is essential to our support strategy. We also seize this acquisition opportunity to strengthen the governance of the Île-de-France region with Antoine Giacomotto. I am delighted to complement our expertise and services with talented and ambitious teams who share the same commitment to providing the best for our clients.
eric_demange
Eric Demange, Deputy Managing Director and Sales Director

A propos de

AGEO

AGEO, established in 1984, supports its clients in managing their risks, insurance, health, retirement, and damage coverage. As a pioneer and always at the forefront of innovation, the company has maintained a dynamic of technological investments that set it apart from most of its competitors. With 300 employees and partners, the firm is present throughout France and relies on four main brands: AGEO Prévoyance, SG Santé, AGEO Risks, and AGEO Retraite. The health and insurance management service, a pioneer in the implementation of automated solutions, offers high value-added services to its clients.

Howden France

With its 350 employees, Howden France provides expertise in a wide range of products and sectors: Financial Risks, Maritime & Transport, Fleet Automobiles, Mergers & Acquisitions, Construction, Personal Insurance (Health, Life, Retirement, Work Accidents and Occupational Diseases), Credit/Guarantee/Political Risks, Financial Institutions, Technology sectors, Energy and Natural Resources, Medical, Outdoor Hospitality, Cold Chain, complemented by essential expertise in Property and Liability.

Howden Broking group

Howden Broking, which is part of the Howden group, is one of the leading independent providers of insurance brokerage, risk consulting, and employee benefits consulting. Howden, headquartered in the UK, operates in 100 countries: directly in 55 countries through its entities in Europe, Asia, Africa, Latin America, the Pacific, and the Middle East, and the rest through its network of local partners. Founded in 1994, Howden now employs over 17,000 people worldwide.

Press Contact in France

Charlotte Boukari

Communications Manager, Howden France

[email protected]

FR +33 (0)7 89 43 93 90

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